+ Watch EC
on My Watchlist
7 month chart base + columbian energy/oil = outperform
low PEG, strong price uptrend
Columbia is making significant economic progress, security is rapidly improving, lots of capital going into the resource sector, and this is the biggest Columbian company. Negative - nearly 90% owned by government.
I think oil price will increase. I think Ecopetrol will increase its oil production this year
Colombia economy was heating up when the world recession hit. Great play when world economy rebounds and a hedge against dollar inflation.
As of today the market cap is 708.26B which is almost DOUBLE of Exxon Mobil. Whoever is buying this stock knows something we don't know.
note that the market cap shown by yahoo or caps is wrong; google shows it as $30B.
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